FINN GRAMVAD A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FINN GRAMVAD A/S
FINN GRAMVAD A/S (CVR number: 48003516) is a company from NORDFYNS. The company recorded a gross profit of 270.1 kDKK in 2023. The operating profit was 283.5 kDKK, while net earnings were -154 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.6 %, which can be considered weak but Return on Equity (ROE) was -0.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 80.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FINN GRAMVAD A/S's liquidity measured by quick ratio was 2.3 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 2 637.09 | 3 317.10 | 3 007.94 | 1 302.24 | 270.07 |
EBIT | -41.96 | 1 406.65 | 1 197.43 | -68.43 | 283.48 |
Net earnings | - 230.60 | 899.68 | 780.77 | 266.35 | - 154.04 |
Shareholders equity total | 33 096.60 | 34 150.18 | 38 445.06 | 39 330.92 | 39 100.56 |
Balance sheet total (assets) | 53 566.46 | 55 711.92 | 59 271.30 | 49 851.33 | 48 397.36 |
Net debt | 15 876.23 | 13 416.25 | 8 311.42 | 256.84 | 1 934.17 |
Profitability | |||||
EBIT-% | |||||
ROA | -0.1 % | 2.6 % | 2.1 % | 0.5 % | 0.6 % |
ROE | -0.7 % | 2.7 % | 2.2 % | 0.7 % | -0.4 % |
ROI | -0.1 % | 2.7 % | 2.2 % | 0.5 % | 0.6 % |
Economic value added (EVA) | -2 505.41 | -1 371.32 | -1 367.58 | -2 391.03 | -1 693.22 |
Solvency | |||||
Equity ratio | 61.8 % | 61.3 % | 64.9 % | 78.9 % | 80.8 % |
Gearing | 48.6 % | 46.7 % | 41.1 % | 14.3 % | 13.7 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.2 | 0.7 | 3.8 | 2.5 | 2.3 |
Current ratio | 0.2 | 0.7 | 3.8 | 2.5 | 2.3 |
Cash and cash equivalents | 224.16 | 2 542.71 | 7 506.94 | 5 355.87 | 3 427.16 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | AA | AA | A | A |
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